SOURCE: Synergy Brands

July 12, 2005 08:00 ET

Synergy Brands Cigar Operation Signs a Partnership Agreement With Major Online Partner

MIAMI, FL -- (MARKET WIRE) -- July 12, 2005 -- Synergy Brands' (NASDAQ: SYBR) Florida-based subsidiary, Gran Reserve Corporation (GRC) signed a partnership agreement with a major online partner to sell premium cigars through diversified online channels. GRC will focus on its proprietary brands as well as spot marketing opportunities to service its fulfillment requirements. GRC signed a confidentiality agreement requiring non-disclosure of its partnership agreement.

Bill Rancic, former president of Cigars around the World and a Synergy director assisted GRC in developing its relationship with this partner. Mr. Rancic in a statement believes that, "This presents unique opportunities to GRC, especially in its wholesaling sector by creating an online market for wholesale activities." Stephen Barbella added, "This relationship will hopefully service a wider audience that can experience the quality of a premium cigar at better pricing."

GRC continues to develop online partnerships to expand the sale of its wide selection of Premium Cigars.

FORWARD-LOOKING STATEMENTS

This press release and company review and assumptions made regarding the financial figures and other information, referenced and presented, state and reflect assumptions, expectations, projections, intentions and/or beliefs about past and future events that are intended as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate to historical or current facts. They use words such as "anticipate," "estimate," "project," "forecast," "may," "will," "should," "expect," "assume," and other deviations thereof and other words of similar meaning. In particular these include, but are not limited to, statements reflecting the projected revenues, earnings, profit and loss of the Company and associated costs. Any or all of the Company's forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. For a description of many of these risks and uncertainties, please refer to the company's filings with the U.S. Securities & Exchange Commission (www.sec.gov) including Forms 10KSB and 10QSB.

Contact Information

  • Contact:
    Beverly Jedynak
    Martin E. Janis & Company, Inc.
    312-943-1100 ext. 12
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    Amy Ruffalo
    Martin E. Janis & Co., Inc.
    312-943-1100, ext. 15
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